50 Cent Claims to Owe $28 Million in Debt

He gives more details in a federal Bankruptcy Court filing.

According to the New York Daily News, 50 revealed all of his personal debts in a federal Bankruptcy Court filing Thursday night stating that he owes $28,478,920.075.

In the court documents, 50 listed Sleek Audio as one of the biggest creditor, a Florida firm that sued him for stealing their headphone design for SMS Audio. The judgement is worth $18,428,257.

The second biggest creditor is Lastonia Leviston, who sued 50 after he put up a private sex tape on the Internet that allegedly ruined her reputation. She won $5 million in damages and is set to receive more for punitive damages.

50’s other debts on a smaller scale include $1,737.33 that he owes to his grandpa and $137,880 to Bentley, an amount that stems from a car he leased. On top of that, he owes more than $1 million in legal bills.

Earlier this week, court documents stated that his personal assets do not exceed $15 million. It’s a strange number considering he has stakes in companies such as G-Unit, EFFEN Vodka, and Frigo underwear.

BET.com is your #1 source for Black celebrity news, photos, exclusive videos and all the latest in the world of hip hop and R&B music.